Porwal Auto Components Limited IPO (Porwal Auto IPO) Detail

Dec 17, 2007 - Dec 20, 2007

Incorporated in 1992, Porwal Auto Components Limited manufactures and sells SG and CI castings for the automobile sector for Commercial Vehicles. The manufacturing plant of the company is situated at Pithampur 30 Kms. away from Indore.

Porwal Auto Components Limited manufacturers around 12 different categories of castings such as SG Iron & Grey Iron Hubs, Different carriers and cases, bracketory components, Transmission cases, T G cases, Housings & cover components, Brake Drums, Links components, Pulleys, Pump parts, Exhaust manifolds and Bends.

Porwal's client list includes companies like Eicher Motors Ltd, Man Force Trucks Pvt. Ltd, L & T Case Equipment Ltd, Force Motors Ltd, Eicher Tractors Ltd, Tata Autocomp Systems Ltd, Brakes India Ltd, Gajra Gears Ltd, Shakti Pumps India Ltd, Diesel Components Works.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To augment the current ongoing expansion of its manufacturing capacity of the CI and SG castings from 6600 MT per annum to 27600 MT per annum;
2. Setting up of one Wind Mill, having Power generation capacity of 1.5 MW which would be used for captive consumption;
3. To meet the expenses of the Issue;
4. To list the equity shares at the Bombay Stock Exchange;
5. To meet the long term working capital requirements of the Company.

Porwal Auto IPO Details

IPO Opening Date	Dec 17, 2007
IPO Closing Date	Dec 20, 2007
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹68 to ₹75 per equity share
Market Lot	80 Shares
Min Order Quantity	80 Shares
Listing At	BSE
Issue Size	5,000,000 Eq Shares of ₹10 (aggregating up to ₹37.50 Cr)

Porwal Auto IPO Lot Size

The Porwal Auto IPO market lot size is 80 shares. A retail-individual investor can apply for up to 33 lots (2640 shares or ₹198,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	80	₹6,000
Maximum	33	2640	₹198,000

IPO Notices

Note:

The Equity Shares offered through this public issue will be listed on Bombay Stock Exchange of India (BSE), Designated Stock Exchange and Over the Counter Exchange of India.
Investors are requested to note that that bids also can be registered through on-line facilities on National Stock Exchange of India Limited (NSE) along with that of BSE.

Porwal Auto IPO Subscription Status (Bidding Detail)

The Porwal Auto IPO is subscribed 1.03x times on Dec 20, 2007 17:00. The public issue subscribed 2.44x in the retail category, 0.21x in the QIB category, and 0.48x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total	1.03x

Porwal Auto IPO Prospectus

› Porwal Auto IPO DRHP
› Porwal Auto IPO RHP
› Porwal Auto IPO Application Form Download

Porwal Auto IPO Rating

171

2.3

Rating:

Vote Here ...

Porwal Auto IPO Listing Date

Listing Date	Monday, January 14, 2008
BSE Script Code	532933
NSE Symbol
Listing In	B1 Group of Securities
ISIN	INE386I01018
IPO Price	₹75 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹75.00
₹79.85
₹76.00
₹120.00
₹79.65
19,936,880

Porwal Auto IPO Reviews / Ratings

S P Tulsian - Avoid
SPA Financial Advisor Ltd - Avoid
KR Choksey Securities Ltd - Subscribe
Business Line - Avoid
Smart Investments Ltd - Neutral

Company Contact Information

Porwal Auto Components Limited
Kanti Mansion,
6-Murai Mohalla,
Indore 452001 Madhya Pradesh, India

Phone: +91-0731-4051704
Email: admin@porwalauto.com
Website: http://www.porwalauto.com

Porwal Auto IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: pacl-fpo@intimespectrum.com
Website: http://www.linkintime.co.in

Porwal Auto IPO Lead Manager(s)

Keynote Financial Services Ltd

Lead Manager Reports

Porwal Auto IPO FAQs

What is Porwal Auto IPO?

Porwal Auto IPO is a main-board IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹37.50 Crores. The issue is priced at ₹68 to ₹75 per equity share. The minimum order quantity is 80 Shares.

The IPO opens on Dec 17, 2007, and closes on Dec 20, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
When Porwal Auto IPO will open?

The Porwal Auto IPO opens on Dec 17, 2007 and closes on Dec 20, 2007.
What is the lot size of Porwal Auto IPO?

Porwal Auto IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.
How to apply for Porwal Auto IPO?

You can apply in Porwal Auto IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Porwal Auto IPO allotment?

The finalization of Basis of Allotment for Porwal Auto IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Porwal Auto IPO allotment status.
When is Porwal Auto IPO listing date?

The Porwal Auto IPO listing date is on Monday, January 14, 2008.

Porwal Auto IPO Message Board

Ranked Members

94. SANJAY BHATIYA |Aug 6, 2008 14:05

HI CAN I BUY THIS STOCK AT THIS LEVEL RS. 21

93. Rafay Ansari |Feb 10, 2008 01:09

purchase a share of @95 rupees when it will come to that rate

92. NIKHIL SHARMA |Jan 15, 2008 11:21

THANKGOD,I SELL @92,1200 800 SHARES,TDY IS 68,

91. Amar |Jan 15, 2008 10:24

i told, apani hesiyat batane laga aaj se........68 today

90. Pg |Jan 15, 2008 09:30

Thankx vikram. I should have gone through the RHP. But In this page it was showing listing at NSE, BSE. After I posted my message Chottorgarh team chaned it to BSE. It was an inadvertent mistake.

89. Imran |Jan 15, 2008 01:22

I told you ! I am holding this shares.

88. Amitbhaiya |Jan 14, 2008 22:34

i have said that this share will open 100+(80and81)
sorry,itgone above 100.
further iam saying that this is fundamentaly very strong.
hold it buy it at this rate.

87. Vikram |Jan 14, 2008 20:16

As per RHP this stock is only suppose to be listed at BSE even though bidding was allow to post though NSE. Please check the RHP again.

86. Pg |Jan 14, 2008 14:05

Can anybody tell why this was not listed on NSE today?

85. Vikram Singh |Jan 14, 2008 10:02

Sock listed on BSE on 120/- and currently trading at 90/-

84. Pg |Jan 14, 2008 09:52

hey, this is not listing today. no information on NSE website. No Listing today, chittorgarh team please confirm

83. alpha trader |Jan 14, 2008 01:46

i will buy ths porwal auto for 50% profits,fr stlp of 69

82. tc |Jan 13, 2008 22:43

This stock will go down 40-50% pucca.
seel it immediatley if it opens at 60 rs this stock will close at 40 rs

81. ANIL SHAH |Jan 13, 2008 21:09

WILL BUY porwal FOR MOMENTUM TOMM MAY GET 60% RETURN ON INTRADAY,TKE a risk of 10%,

80. amit |Jan 13, 2008 00:12

Hi ! Frins,this stock is fundamentaly very strong.It will open
100+.

79. amit |Jan 13, 2008 00:09

Hi ! Frins,this stock is fundamentaly very strong.It will open
100+.

78. rama |Jan 12, 2008 18:36

Atleast dont buy this scrip on listing day.. Better wait and watch. Then we can buy at corect price after a month. Becz on listing day price and can go anywhere due to speculation.. this is my view.

77. hari |Jan 11, 2008 21:03

hardeep baiya,
pochiraju industry, SCL manufacturing, etc were firm allotment not listing morethan 100-300 %. Powal has good funtamental and will go Rs. 150 on listing

76. hardeep |Jan 11, 2008 19:42

As per record avery one got the shere in allotment who has filled the IPO then how will listed at 100%or 200%

75. Amar |Jan 11, 2008 17:41

Noone were intersted ( except some stpd) at 75 rs ..........if price go up than only some parties intersted in speculation......than will touch at 45......

I THINK THIS SCRIPT IS ALREADY IN BELOW LIST, BUT WAIT UNTILL MONDAY LISTING CAZ, HEARD THAT SOME PARTIES INTERSETED TO TRAP MORE PPL....SO CAN TRY TO TOUCH 90 +

STAY AWAY........BEST BUY AT 45 RS ONLY

Another cheater Group......Precision down 9% ( loss 18 Rs )

In line with Mankasia....down 11% ( loss 18 rs )

Brigade............down 12% ( loss 50 rs )

Renaissance .......down 9% ( loss 15 rs )

Empee Dist..........down 22% ( loss 91 Rs )

Rathi bars ........down 9% ..( loss 3 rs )

Even at 20827 Index ......out of last 15 IPO's .6 ipo's are in
RED.......BE CAUTIOUS WITH CHEATERs

2007 almost 40% IPO's are in RED.....

Making their pockets full & never worried about innocent investors...135 issues going to come & 40% will be like this so be careful

MORE CHEATERS ARE EXPECTED IN 2008 so BE CAREFUL FRIENDS< ITS HARD EARNED MONEY

Even be careful with some dear friends who posts msg here on as company agents & misguide new comers....( They always advise long term Very good buy...........lol )

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